Hospitality Net

MARCH 6, 2024

Travel demand is likely to stabilize in 2024 benchmarking record occupancy and rate. The Industry will see 65+ percent occupancy overall and even higher ADR in 2024.

Market 129

Market Marketing Occupancy Consumer 129

Hospitality Net

DECEMBER 17, 2023

hotel occupancy reached 58.7%, up 4.5 percentage points (ppts) compared to the prior week as holiday leisure travel kicked in along with the return of end-of-year business and convention travel. Occupancy, however, was down 0.7 ADR has been driving RevPAR growth for most of 2023 even as occupancy has slipped.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Travel 130

Hospitality Net

MAY 23, 2023

hotel industry occupancy plateaued at 65.1%, basically matching the level achieved the week prior (65.2%). While average occupancy did not change, day-of-week dynamics tell a tale of two opposite forces. Travelers opted to stay home for Mother’s Day, putting a damper on weekend occupancy, which was down 4.7

Occupancy 152

Occupancy Travel Business Hotels 152

Hospitality Net

APRIL 9, 2024

As the travel market continues to evolve, with occupancy levels exhibiting extraordinary growth in most major markets around the world, today’s hoteliers are facing an array of challenges in managing their operations efficiently.

Occupancy 182

Occupancy Operations Market Marketing 182

Hospitality Net

MAY 3, 2024

and will continue to benefit from returning international inbound travel this year. Global occupancy moved up to 62% and average daily rate increased by a further +2% as pricing remained robust, reflecting the complete return of leisure, business, and group travel.

Average Daily Rate 126

Average Daily Rate Occupancy Travel Business 126

Hospitality Net

DECEMBER 4, 2023

At the same time, occupancy remained essentially flat YoY (-0.4 Weekends and shoulder periods saw greater occupancy declines, while weekdays remained unchanged compared to last year (-0.1%), an indication that business travelers were on the road getting work done before the holiday. rate increase year over year (YoY).

Occupancy 147

Occupancy Business Travel Hotels 147

Hospitality Net

OCTOBER 2, 2023

hotel industry saw a slow start to the week as the final day of the Rosh Hashanah observance held back travel. However, overall occupancy for the week rose to 68.5% As compared to last year, occupancy was down 1.1 from 67.7% in the week prior.

Occupancy 164

Occupancy Travel Hotels 164

Hospitality Net

MARCH 24, 2024

Luxury hospitality is booming once again. In the UK, luxury hotels are seeing a steep rise in room rates, with occupancy rising to 69% in 2023 compared to 62% the previous year as demand stays strong and travel increases.

Hospitality 128

Hospitality Occupancy Travel Hotels 128

Hospitality Net

AUGUST 18, 2023

Since 2020, the Louisville hotel market has seen an increase in leisure travel associated with bourbon tourism, its nearby universities, and the Kentucky Derby. It is because of these large demand generators that the market has been able to recover most of its occupancy-based COVID-19 losses.

Hotel Marketing 188

Hotel Marketing Market Marketing Occupancy 188

Hospitality Net

SEPTEMBER 4, 2023

hotel occupancy (65%) was lower for a fifth consecutive week, which is in line with normal seasonal patterns. Occupancy is still expected to trend down for the next two weeks and then grow as group/conference travel climbs to its annual peak. Heading into the final days of August, U.S. The measure was up 0.3

Occupancy 153

Occupancy Travel Hotels 153

Hospitality Net

JUNE 29, 2023

After two consecutive six-month periods of robust growth in occupancy and room rates, almost half of the European hoteliers anticipate 2023 to yield the highest revenue in the history of their establishment. And we are glad to learn from them that travel is finally back! And we are glad to learn from them that travel is finally back!

Accommodation 196

Accommodation Occupancy Revenue Resorts 196

Hospitality Net

AUGUST 4, 2023

year-over-year drop in occupancy. Total inbound foreign visitors were 27% below pre-pandemic 2019 levels, while the number of Americans traveling to Europe and the Caribbean increased by 5% and 8%, respectively. Occupancy rates for all location types were below 2019 levels in Q2. The average daily rate (ADR) increased by 2.6%

Average Daily Rate 192

Average Daily Rate Occupancy Hotels Revenue 192

Hospitality Net

JANUARY 16, 2024

Propelled by average rate growth, hotel RevPAR in Little Rock continued to improve in 2023, with occupancy meeting or exceeding prior pandemic levels at most hotels. In addition to a recovery trend in both business travel and group demand, tourism and leisure demand in the Natural State experienced significant growth after the pandemic.

Occupancy 131

Occupancy Tourism Hotels Business 131

Hospitality Net

NOVEMBER 3, 2023

As the world experiences a surge in travel this year, hotel occupancies in certain markets have exceeded those seen in 2019. It is critical for hoteliers to have the tools in place to remain competitive and attract as many bookings as possible.

Occupancy 119

Occupancy Hospitality Travel Market 119

Hospitality Net

MAY 22, 2023

While occupancy in Q1 2023 was still down 2.1 Leisure travel continues to be strong, even though growth levels are slowing, and individual business travel and group business has slowly re-emerged, contributing more significantly to future growth expectations. points from the same period in 2019, ADR increased 17.0

Occupancy 156

Occupancy Business Travel Hotels 156

Hospitality Net

JULY 31, 2023

Even though revenge travel is gradually declining, demand in the leisure segment remains strong. Meanwhile, the MICE segment and corporate travel segment are continuing to recover, despite the hybrid work culture, online meetings, and higher airfares slowing the turnaround rate.

Occupancy 167

Occupancy Hotels Travel 167

Hotel Business

MAY 4, 2023

. “We raised our full-year RevPAR outlook while maintaining our record level pipeline and industry-leading net rooms growth. ” First-quarter highlights Net income was $58 million in the first quarter of 2023 compared to net loss of $73 million in the first quarter of 2022. .” in the first quarter of 2023.

Real Estate 59

Real Estate Pipeline Management Travel 59

Hotelogix

NOVEMBER 12, 2023

Reports like hotel revenue report and MIS hotel report are essential for every type of hospitality property. Plus, it also provides you with information on rooms per day (RPD) and occupancy percentage for the past 10 days and its forecast for the next 30 days. You can run the report by check-in or checkout date.

Management 59

Management Occupancy Average Daily Rate Revenue 59

Hospitality Net

JULY 26, 2023

hotel occupancy on track to reach 63.8% in 2023,1 just shy of the pre-pandemic level of 65.9%, business and leisure travelers are packing into hotels throughout North America for a second consecutive year. With average U.S. Hotels have risen to the challenge by ratcheting up staffing and doubling down on customer service.

Hiring 157

Hiring Occupancy Services Hotels 157

Hospitality Net

DECEMBER 12, 2023

Although consumers have discretionary income to travel - wages are up 3.2%, and airfares are down 13.2% - RevPAR continues to fall, down 2.1% decline in occupancy. decrease in occupancy, partially offset by a 1.1% Higher wages and lower airfares have not translated to RevPAR gains. Current Trends October RevPAR declined 2.1%.

Consumer 100

Consumer Occupancy Hotels Travel 100

Hospitality Net

SEPTEMBER 1, 2023

The COVID-19 pandemic initially posed a major threat to the leisure-heavy Gulf Coast tourism industry, as the market only benefited from one month of Spring Break travel before the stay-at-home orders were issued. As a result, occupancy and ADR for July and August nearly reached pre-pandemic levels.

Occupancy 133

Occupancy Tourism Resorts Market 133

Hospitality Net

OCTOBER 16, 2023

decline in occupancy. Summer travel trends remained consistent in July and August. Key Takeaways: Top Line Metrics August RevPAR declined 0.7% Urban locations posted the strongest RevPAR growth, up 3.7% but remained below 2019 levels. Real RevPAR continues to decline as nominal RevPAR lags inflation. in August of 2022.

Occupancy 164

Occupancy Revenue Hotels Operations 164

Hospitality Net

NOVEMBER 30, 2023

This reputation has been reaffirmed by major publications such as TIME Magazine, which named Phu Quoc as one of the “Top 100 Greatest Places in the World,” and Condé Nast Traveler which honoured it as one of the “World’s Top Islands” in 2023.Now, Now, Sun Group, one of Vietn. Now, Sun Group, one of Vietn.

Occupancy 150

Occupancy Resorts Tourism Travel 150

SiteMinder

SEPTEMBER 12, 2023

What are travel wholesalers? Travel wholesalers are B2B companies that purchase hotel room inventory in bulk at a discounted rate and sell it to OTAs, travel agents, tour operators, airlines, and other travel or accommodation sellers. They will never sell your rooms directly to travellers. Let’s take a look.

Travel 52

Travel Hotels B2B OTA 52

Amadeus Hospitality

JUNE 15, 2023

Originally published on Hospitality Net Amadeus’ Traveler Tribes research has revealed the habits and behaviors of travelers in 10 years’ time. Destinations seeking to welcome the travelers of tomorrow can take action now.

Travel 52

Travel Global Distribution System Tourism Accommodation 52

Hotel Business

MARCH 13, 2024

By Jared Lerner In the competitive landscape of the hospitality industry, hotels are constantly seeking innovative ways to optimize their operations, increase revenue and enhance guest satisfaction. By offering rooms for shorter pockets of time, hotels can capitalize on periods of low occupancy and maximize their revenue potential.

Revenue 69

Revenue Hotels Accommodation Operations 69

Hotel Business

JUNE 22, 2023

At this month’s 45th Annual NYU International Hospitality Industry Investment Conference , NYU School of Professional Studies Jonathan M. Tisch Center of Hospitalit y and Ernst & Young LLP presented findings from the NYU and EY 2023 Hospitality Executive Financial Survey. Leisure travel 2. Group travel 3.

Net Operating Income 59

Net Operating Income Real Estate Consumer Hospitality 59

Hotel Speak

FEBRUARY 3, 2024

Citadines Science Park Singapore is the perfect choice for both corporate and leisure travellers seeking an idyllic stay in the West region of Singapore. For travellers, Citadines Science Park Singapore is just a 25-minute drive from Changi Airport, providing easy access to both local and international travel.

Real Estate 91

Real Estate Scale Accommodation Branding 91

Boutique Hotel News

JANUARY 27, 2023

After a topsy-turvy 2022, here are the major hospitality and real estate trends we expect to see in the year ahead, some more unexpected than others. U is for understaffed Staffing issues will continue to be a focal point of conversation for hospitality providers.

Real Estate 52

Real Estate Hospitality Accommodation Consumer 52

Hotel Designs

DECEMBER 7, 2023

The 850-arce estate is steeped in hospitality history, and preserving the hotel – retaining its traditional charm but adding modern touches – is no easy feat. Three years on from when the hospitality industry showed the world its resilience and ability to bend with the times, 2023 has been an exciting year for The Savoy London.

General Manager 98

General Manager Management Hospitality Branding 98

Catala Consulting

NOVEMBER 18, 2023

This strategy worked well in a stable market, but it lacked the flexibility and depth needed to navigate the complex and dynamic nature of today’s hospitality industry. This approach includes optimizing room rates and occupancy, but it goes much further. As the industry evolved, so did the concept of revenue management.

Revenue Management 52

Revenue Management Revenue Management Hotels 52

Boutique Hotel News

MARCH 6, 2023

Judi Blakeburn , brand director, Another Place , Watergate Bay and Beach Retreats [FC] With a career spent in hospitality marketing, Blakeburn is an expert on both the sector and the role of marketing in medium-sized businesses, and is a passionate advocate of the importance of brand and marketing at board level.

Real Estate 101

Real Estate Hospitality Construction General Manager 101

Hotel Operations

APRIL 23, 2023

We hire people who love hospitality and enjoy connecting with guests and traveling themselves. Our portfolio’s uniqueness, great locations, personalized service, and added value encourage them to seek out our brand when traveling. If occupancy is low, you might only have one or two associates at the front desk.

Scale 52

Scale Management Hotels Operations 52

Clock Software Hospitality

DECEMBER 8, 2020

Guest loyalty is the most desirable achievement in the hospitality industry. Read more: Upselling as a Way of Improving Guest Loyalty Casting a wide net is one way to ensure full occupancy but it is hardly a profitable marketing approach in the long run.

Cancellation 52

Cancellation Hotels Services Occupancy 52

Hospitality Net

MARCH 4, 2024

RevPAR was lifted by a healthy ADR increase, which was partially offset by an occupancy decline. Looking further out, projects in planning are on the rise, which will put more pressure on occupancy next year. Demand across the U.S. has declined year over year for the past 10 months.

Occupancy 152

Occupancy Construction Hotels Travel 152

Travel Media Group

NOVEMBER 15, 2023

Join Suite Spot host, Ryan Embree as he welcomes TMG Hospitality Traiblazer, Oliver Winter, to the podcast. These two discuss the hostel experience, a&o’s commitment to green initiatives and sustainability, and the resurgence of the solo traveler. Episode Transcript Our podcast is produced as an audio resource.

Hospitality 71

Hospitality Travel Market Marketing 71

Cloudbeds

MARCH 20, 2023

One of the key reasons travelers are drawn to smaller, independent lodging properties is they provide personalized, intimate experiences. Transient These guests are individuals traveling for business or leisure. Group These guests travel with a group that has reserved a block of rooms in advance at a special group rate.

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52